Dominican Republic Suspends Gold-Copper Project Activities, LME Copper Closed Higher Overnight While SHFE Copper Was Closed [SMM Copper Morning Meeting Minutes]
SMM Morning Meeting Summary: Overnight, LME copper opened at $13,039/mt, dipped to $13,012/mt early in the session before the center shifted higher, touching a high of $13,161/mt and then moving sideways at elevated levels, ultimately closing at $13,100.5/mt, up 1.17%, with trading volume at 17,700 lots and open interest at 266,000 lots, an increase of 762 lots from the previous trading day, indicating bullish position building. The most-traded SHFE copper 2606 contract was closed overnight due to the Labour Day holiday.